The global lab automation in clinical diagnostics market is expected to register a CAGR of 4.91 %, during the forecast period (2018 - 2023). Lab automation in clinical Diagnosis involves the use of dedicated workstations and software to program instruments to automate routine laboratory procedures. With the advent of technology, automation is now possible in multiplex testing, in addition to activities like microplate automation. Newborn screening is another field where extensive use of automation combined with software packages to identify complex metabolites is employed. In this immensely competitive world, squeezing the maximum efficiency out of every department, including the R & D labs, is a constant issue. Clinical diagnostics involves testing a wide variety of samples ranging from blood to DNA. This requires a significant level of automation in order to achieve the required results consistently. Multiplex testing is the norm of the hour with an emphasis being laid on increasing the number of assays analyzed per unit time.

Digital Transformation for Laboratories with IoT is Augmenting Market Growth

Technological innovations have improved productivity of clinical labs. With the increasing reliance on technology based systems and drastic growth of internet driven processes is driving the need for automation. Digital transformation - connecting devices with internet ensures remote monitoring, alerts, remote control, and notifications for everything (from temperature to threats). Using manual systems always exposes to the risk of errors, these systems collects data digitally and accurately, which would reduce the time by 60 percent. Using IoT provides with capabilities, such as data collection and analysis, which has a huge potential impact, as the data can be monitored according to the actual consumption (quantitative and qualitative perspective), hence, providing quality management. Laboratories can maintain data through high levels of security while providing accurate and unhampered data through IoT.

Automated plate handlers holds Largest Market Share

Automated plate handlers are used in laboratory environments, integrated through hardware and software with microplate readers. Plate handlers deliver up to 20-30 plates with integrated software's, which control the plate reader. The capability to operate with multiple instruments has allowed the plate handlers to express an increased speed and capacity. With recent advancements in technology, the major players in the market have been able to develop microplate handlers with integrated vision and dynamic learning ability that can provide the machines independent capability to learn from previous operations, and further boost the work envelope by more than 25%. Fluorescence detection is developed for detecting microplate. It is more expensive than absorbance detection. In the pattern for fluorescence detection, the sample undergoes illumination through two optical systems.

North America holds the Largest Market Share

The market landscape in North America is extremely dynamic, with a high level of merger and acquisition activities with many high-value deals are still pending. Both manufacturers and clinical laboratories are increasingly vying for smaller specialized niche technology solutions to increase their market share. Further, the rise in the number of clinical or pre-clinical studies has increased the demand for an efficient and cost-effective solutions, such as lab automation, required for the analysis of samples, thus propelling the growth of the market in the United States Stringent regulations for classification of devices imposed by the United States government and the FDA to assure safety and effectiveness, along with the growing demand in the market is also expected to drive lab automation in clinical diagnostics market.

Key Developments in the Market

September 2017 - Agilent announced a platinum sponsorship agreement with LabCentral, biotech innovation hub based in Cambridge, Massachusetts. As a platinum sponsor, Agilent will provide LabCentral's shared laboratory workspace with a variety of Agilent technology

June 2017 - Roche announced that it would be showcasing new solutions for lab innovation and leadership at the 22nd IFCC–EFLM European Congress of Clinical Chemistry and Laboratory Medicines (EuroMedLab) in Athens. The congress will offer the opportunity to experience first-hand Roche’s latest technological advancements in diagnostics technology and solutions, including the Roche Integrated Core Lab (ICL)

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1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definition

1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Overview

4.1 Market Segmentation

4.2 Overview

4.3 Industry Value Chain Analysis

4.4 Industry Attractiveness – Porter's Five Industry Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products or Services

4.4.5 Competitive Rivalry among Existing Competitors

5. Market Dynamics

5.1 Factors Driving the Market

5.1.1 Driving Digital Transformation For Laboratories With IoT

5.1.2 Need For Higher Reproducibility and Effective Management of the Vast Amounts of Data Generated

5.2 Factors Restraining the Market

5.2.1 Initial Setup is Expensive

6. Technology Overview

6.1 Technology Snapshot

7. Global Lab Automation in Clinical Diagnostics Segmentation

7.1 By Equipment

7.1.1 Automated Liquid Handlers

7.1.2 Automated Plate Handlers

7.1.3 Robotic Arms

7.1.4 Automated Storage & Retrieval Systems (AS/RS)

7.1.5 Vision Systems

7.2 By Geography

7.2.1 North America

7.2.2 Europe

7.2.3 Asia-Pacific

7.2.4 Rest of the World

8. Competitive Intelligence – Company Profiles

8.1 Thermo Fisher Scientific

8.2 Danaher Corporation

8.3 Hudson Robotics

8.4 Becton Dickinson

8.5 Synchron Lab Automation

8.6 Agilent Technologies

8.7 Siemens Healthcare

8.8 Tecan Group Ltd.

8.9 Perkinelmer

8.10 Honeywell International Inc.

8.11 Bio-Rad

8.12 Roche Holding AG

8.13 Eppendorf AG

8.14 Shimadzu

8.15 Aurora Biomed

*List not Exhaustive

9. Investment Analysis

10. Future Outlook of Lab Automation in Clinical Dianostics Market

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